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USDOLLAR Churns at Vary Highs 


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USDOLLAR Churns at Range Highs

Chart Ready by way of Jamie Saettele, CMT

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-“The USDOLLAR dropped sharply right into a line that has been strengthen at many vital lows for the reason that all-time low in 2011. So long as the road holds (together with the 200 day reasonable…magenta line), the sideways alternate of the final 6 months must be seen in a bullish context (even supposing at resistance lately (9/three)). If this technical stage fails, then the primary essential correction because the USDOLLAR broke out in September 2014 is underway and the ache felt can be extreme.” Seasonal dispositions are bullish into late November after which flip bearish.

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